Low PE & high ROE penny stock under Rs 60: This micro-cap company enters into an agreement with HDB Financial Services Limited!

Low PE & high ROE penny stock under Rs 60: This micro-cap company enters into an agreement with HDB Financial Services Limited!

Kiran Shroff
/ Categories: Trending, Penny Stocks

The stock is up by 23 per cent in just 1 month and over 40 per cent in 6 months.

ITCONS E-Solutions Ltd informed that the company has entered into an agreement with HDB Financial Services Limited to provide recruitment services for a period of 1 year.

HDB Financial Services (HDBFS), incorporated in 2007, is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an aspirational India, serving both Individual and business clients. HDBFS is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt and bank facilities and an A1+ rating for its short-term debt & commercial papers.

Earlier, the company was awarded a new contract worth USD 40,000 (equivalent to Rs 33,28,469 as per current rate) from SoftwareOne Pte Ltd., Singapore for providing professional services for 1 month.

On Wednesday, shares of ITCONS E-Solutions zoomed 4.79 per cent to Rs 51.87 per share from its previous closing of Rs 49.50. The stock’s 52-week high is Rs 55.78 and its 52-week low is Rs 33.01.

ITCONS E-Solutions Limited is a New Delhi-situated company engaged in the business of providing human resource services to public and private organizations.

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According to the financials, ITCONS E-Solutions has a market cap of Rs 26 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, the company has reduced its debt and is almost debt-free.

The shares of the company have a PE of 15.1x, an ROE of 77.60 per cent and an ROCE of 74.80 per cent. The stock is up by 23 per cent in just 1 month and over 40 per cent in 6 months. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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